Bailout Bank Bio: Pinnacle Financial Partners

Aug 6, 2009 | 2 min read | Print Article

Pinnacle Financial Partners, Inc. operates as the holding company for Pinnacle National Bank, which provides commercial banking services to individuals, small-to medium-sized businesses, and professional entities in Tennessee. The company engages in generating deposits and originating loans. It accepts various deposit products, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. The bank’s loan portfolio comprises commercial, real estate, and consumer loans, as well as secured and unsecured installment and term loans, residential first mortgage loans, home equity loans, and home equity lines of credit to individuals for personal, family, investment, and household purposes. It also offers telephone and Internet banking, debit cards, direct deposit, and cash management services, as well as a range of investment products, including mutual funds, variable annuities, money market instruments, treasury securities, bonds, fixed annuities, stocks, financial planning, asset management accounts, and listed options. The company also provides insurance products in the property and casualty area. As of December 31, 2008, it provided its services through 33 banking locations. The company was founded in 2000 and is based in Nashville, Tennessee.

In December the company began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $95.0 million from Treasury in exchange for preferred stock.

Federal Equity Investment

	$95 million
Total Revenue	$173.5 million (2007) $240.8 million (2008)
Net Income	$23 million (2007) $30.9 million (2008)
Number of Employees	736
Corporate Headquarters	Nashville, TN
Business Sector	Banking
Officers and Directors	Turner, M. Terry, President, Chief Executive Officer of the company and Bank, Director Other Officers and Directors
Corporate Website	http://www.pnfp.com
Executive Compensation	Pinnacle Financial Partners